Re: Will people come back to gold - page 3.

malevolent

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Quote from: jspielberg on May 24, 2019, 05:13:07 PM

Quote from: Nuxxorcoin on May 24, 2019, 09:27:31 AM

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

What do you mean "dysfunctional metal"? One of the reasons why gold is keeping its value is exactly because IT IS functional metal, it has practical use. With all these new options of investing, one could think gold will lose value because it became less attractive compared to stocks and cryptocurrencies. However gold's price is relatively stable and safe investment because it has practical use. In the US, the amount of gold used in electronics is almost the same as in jewelry. And industry of electronics will only become bigger and bigger so demand for gold will increase over time.

For most, if not all uses in electronics, gold can usually be substituted for other metals. Also, globally, only about 10% of gold is used for electronics.

It's also not the best investment when compared with stocks' total return index (appreciation + dividends)

https://www.longtermtrends.net/stocks-vs-gold-comparison/

(scroll down to the 2nd graph)

It's clearly not the best choice as an investment, but it's OK if used as a store of value when everything else goes to shit.

'Everything going to shit' is also something central banks should be preparing for, no one can tell if the anticipated slow down of growth in the US isn't going to turn into one black swan of a recession. A potential Eurozone crisis is also something to be wary of.

https://www.bloomberg.com/news/articles/2019-05-02/central-bank-first-quarter-gold-buying-at-highest-since-2013

cipherer

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Gold had always been a reliable asset. But today people are more demanding, gold gas too many limitations, I think Bitcoin Will have a growing share as virtual gold. In future gold will decrease as safehouse.

LUCKMCFLY

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There is a lot of speculation regarding this issue, many people are migrating all their FIAT money towards the gold shares, and they are not anyone, the Rotchfields have passed and they claim that they have spent all their capital in Gold, because they assure that the market a global fall will occur.

Other people have some diversifications, which include gold, and some other Stock Market shares, but currently with the bitcoin boom, it is good to diversify into money FIAT, Gold and Bitcoin, I think the eggs have to be placed in different baskets.

Duzter

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Same as our bitcoin is the gold we cannot expect a stable mind. People's mind used to keep on jumping, and there is nothing big to see people getting into bitcoin as well people from bitcoin getting back to gold. Gold is always the asset that gives the trust with its years of history along with the legal usage which makes it risk free and can be liquidated.

ololajulo

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Gold is also a good store of value and has very strong price volatility. Most Gold traders cant trade bitcoin because of abstract process and knowledge required. Government investment in gold cant also be seen as trade war for accumulation against her competitors. The profit in the asset is very low over the years.

Best Dreams

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Quote from: qwertyup23 on May 28, 2019, 07:40:41 AM

Quote from: LeGaulois on February 14, 2019, 12:19:45 PM

The global economy is still weak despite what has been done (or not) since 2008. People, countries, central banks started to realize this and cover their ass by turning to Gold

From what I know, gold determines the value of a country's currency depending on the number of their respective reserves. People seem to compare bitcoin to gold but what makes them different is its innate value and accessibility.

Quote from: Faxmate on May 27, 2019, 03:09:28 PM

Quote from: Nuxxorcoin on May 24, 2019, 09:27:31 AM

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

Agree no one is now interested in gold because bitcoin has achieved the best investment title for everyone, we should have believe that moving with time is important so gold is old fashioned investment now. When you are travelling you can carry bitcoin with you but you can carry of get your needs with gold, so I think people still love only bitcoin

Bitcoin and gold investments are different and depend on your goal as an investor. One would argue that bitcoin may be better in terms of realizing short-term income and others would prefer purchasing gold instead. Diversify your portfolio by considering each depending on your need.

if i have much money maybe i will investing in these portofolio.bitcoin and gold has good potency to give us huge return although come from different market.both of them has limited supply.

Bitcoin has the biggest investment value in market because both it is need of the time and of the people as well, we know gold has become an old fashioned investment, it is not safe to invest your money in gold, but we can have safe profit form bitcoin investment at this moment so I am not sure if people will go back to nineties again when gold was famous as an investment.

ethereumhunter

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Quote from: Yukyzu on May 29, 2019, 07:41:01 AM

I feel that people never leave gold. so far, gold is the best investment. owning gold is something that is targeted. it's just that people today prefer fiat. in this case, people might focus on crypto, but I think when they are successful, they will start looking at gold as a form of their investment.

That is because people out there still believe that gold still the best investment they must have. They never think about bitcoin for the next new investment to make a big profit in the future because they don't learn more about bitcoin. But I am not sure if people will be back to gold after they know bitcoin because I think they will want to have gold and bitcoin in the same time because they want to make a lot of money from bitcoin and gold.

cipherer

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Assets like gold will come back, but i think in future Bitcoin will be the substitute for gold.

deisik

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Quote from: kronos123 on May 28, 2019, 01:34:10 PM

Bitcoin and the other crypto have the volatility for the opposite reason, that is they are too young, and for this reason the market has yet to understand and discover their real value; when this happens we will find few fluctuations and price variations in the market, which will be regulated and clear (like the traditional ones), as it happens today in the historical gold market.

But when this happens, you will have Bitcoin stable at around $ 10 million Wink

Such claims are bordering on insane

Most of Bitcoin's value (and even more of altcoins') comes via speculation. The real value of cryptocurrencies, i.e. the one determined by real-life use, is close to zero. So, I'm afraid, Bitcoin is rather going to be stable at around 0 if it finds its true value one day. The good news, though, is that the speculative value (which accounts for like 99% of Bitcoin's price nowadays) is enough to keep its price up and make plenty of room for volatility at the same time (which is another good news for most of us)

Finestream

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Quote from: Yukyzu on May 29, 2019, 07:41:01 AM

I feel that people never leave gold. so far, gold is the best investment. owning gold is something that is targeted. it's just that people today prefer fiat. in this case, people might focus on crypto, but I think when they are successful, they will start looking at gold as a form of their investment.

I still believe that the best investment today would be crypto because the profit we can get from it is definitely a huge amount compared to gold investment.But still some other people do not leave gold as their investment because it can still give them profits even in a minimal amount.

Yukyzu

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I feel that people never leave gold. so far, gold is the best investment. owning gold is something that is targeted. it's just that people today prefer fiat. in this case, people might focus on crypto, but I think when they are successful, they will start looking at gold as a form of their investment.

Cnut237

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Quote from: breathlessz on May 28, 2019, 10:49:53 PM

I think people will look for new sources of gold, even though they are running low.

I expect over the next couple of decades companies will start mining asteroids for precious metals, so the once finite nature of gold will change - maybe not infinite, but a vastly increased potential supply.
It will be interesting to see how this then compares with bitcoin's fixed max supply.
Anything can become a store of value, so long as enough people agree it has value, so that this opinion becomes the established consensus.
I would contend that something with a guaranteed fixed supply is much more suitable than gold to fulfill this role.

breathlessz

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Quote from: Duzter on May 28, 2019, 01:41:46 PM

Quote from: kronos123 on May 28, 2019, 01:34:10 PM

Quote from: Whosdaddy on May 25, 2019, 05:14:57 AM

Yea I agree, but no matter what, gold will always be more relevant now till bitcoin becomes very useful tohold as store of value. Gold has very little volatility and it’s also being regulated and For now, we know the volatile nature of bitcoin and until this volatile nature of his disappears before people can prefer it over Gold.

Quote from: Ozero on May 27, 2019, 11:20:24 PM

Bitcoin and other cryptocurrency practically does not perform this function and will not perform, because they have a very high price volatility. You can earn while in the cryptocurrency, but the reserve of funds is better to keep in gold and in banks.

Gold has very little volatility because it has been traded on the markets for centuries, and for the same reason it is regulated by very specific laws.

Bitcoin and the other crypto have the volatility for the opposite reason, that is they are too young, and for this reason the market has yet to understand and discover their real value; when this happens we will find few fluctuations and price variations in the market, which will be regulated and clear (like the traditional ones), as it happens today in the historical gold market.

But when this happens, you will have Bitcoin stable at around $ 10 million Wink

That could happen, just take gold into consideration with the value it has got in the early days to the present. Earlier people got it abundantly and when the available source got shrunken with more demand for the limited mined gold the market value began to increase. Similar is the fact with bitcoin and other cryptocurrencies. As years pass can expect good growth to happen with bitcoin as it gets a long history and regulated usage when more countries legalize its usage.

I think people will look for new sources of gold, even though they are running low. so there is still mining land for gold. different from bitcoin, where supply is limited, and can shrink. hence the conclusion, I think gold will always be trusted by everyone for investment

Duzter

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Quote from: kronos123 on May 28, 2019, 01:34:10 PM

Quote from: Whosdaddy on May 25, 2019, 05:14:57 AM

Yea I agree, but no matter what, gold will always be more relevant now till bitcoin becomes very useful tohold as store of value. Gold has very little volatility and it’s also being regulated and For now, we know the volatile nature of bitcoin and until this volatile nature of his disappears before people can prefer it over Gold.

Quote from: Ozero on May 27, 2019, 11:20:24 PM

Bitcoin and other cryptocurrency practically does not perform this function and will not perform, because they have a very high price volatility. You can earn while in the cryptocurrency, but the reserve of funds is better to keep in gold and in banks.

Gold has very little volatility because it has been traded on the markets for centuries, and for the same reason it is regulated by very specific laws.

Bitcoin and the other crypto have the volatility for the opposite reason, that is they are too young, and for this reason the market has yet to understand and discover their real value; when this happens we will find few fluctuations and price variations in the market, which will be regulated and clear (like the traditional ones), as it happens today in the historical gold market.

But when this happens, you will have Bitcoin stable at around $ 10 million Wink

That could happen, just take gold into consideration with the value it has got in the early days to the present. Earlier people got it abundantly and when the available source got shrunken with more demand for the limited mined gold the market value began to increase. Similar is the fact with bitcoin and other cryptocurrencies. As years pass can expect good growth to happen with bitcoin as it gets a long history and regulated usage when more countries legalize its usage.

kronos123

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Quote from: Whosdaddy on May 25, 2019, 05:14:57 AM

Yea I agree, but no matter what, gold will always be more relevant now till bitcoin becomes very useful tohold as store of value. Gold has very little volatility and it’s also being regulated and For now, we know the volatile nature of bitcoin and until this volatile nature of his disappears before people can prefer it over Gold.

Quote from: Ozero on May 27, 2019, 11:20:24 PM

Bitcoin and other cryptocurrency practically does not perform this function and will not perform, because they have a very high price volatility. You can earn while in the cryptocurrency, but the reserve of funds is better to keep in gold and in banks.

Gold has very little volatility because it has been traded on the markets for centuries, and for the same reason it is regulated by very specific laws.

Bitcoin and the other crypto have the volatility for the opposite reason, that is they are too young, and for this reason the market has yet to understand and discover their real value; when this happens we will find few fluctuations and price variations in the market, which will be regulated and clear (like the traditional ones), as it happens today in the historical gold market.

But when this happens, you will have Bitcoin stable at around $ 10 million Wink

rdbase

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The gold standard is the old world standard and the future is technology so bitcoin and the blockchain is the way of towards this future.
It will allow us as a society to move away from the physical worth of things and have it in the virtual space instead.
Gold can be manipulated with the mixing of other metals and its purity faulters so its value isnt what it was when it was first dug up from the ground. Undecided

legenduim

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Quote from: Daniwahyu007 on May 24, 2019, 01:22:59 AM

gold is a very good and safe investment in value prices. I invest a little in gold because I see a good future

Gold is the stuff that you can buy and do not sell for years. You can sell it anytime, and be sure that you will not lose at least. It is an asset. Cryptocurrency is the investment that can help you earn, but you risk to lose as well.

2chase

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I believe that a possible return to the gold standard is currently the only right alternative to the US dollar. Already, very many countries - namely, 12 major world countries have signed the necessary legislation through which gold and calculations in gold will again be normal practice. And it honestly makes me very happy.

Bitbivers

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Yes. People will come back to the top of BTC soon
There has many financial issue China and US makes BTC price increases too much

qwertyup23

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Quote from: LeGaulois on February 14, 2019, 12:19:45 PM

The global economy is still weak despite what has been done (or not) since 2008. People, countries, central banks started to realize this and cover their ass by turning to Gold

From what I know, gold determines the value of a country's currency depending on the number of their respective reserves. People seem to compare bitcoin to gold but what makes them different is its innate value and accessibility.

Quote from: Faxmate on May 27, 2019, 03:09:28 PM

Quote from: Nuxxorcoin on May 24, 2019, 09:27:31 AM

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

Agree no one is now interested in gold because bitcoin has achieved the best investment title for everyone, we should have believe that moving with time is important so gold is old fashioned investment now. When you are travelling you can carry bitcoin with you but you can carry of get your needs with gold, so I think people still love only bitcoin

Bitcoin and gold investments are different and depend on your goal as an investor. One would argue that bitcoin may be better in terms of realizing short-term income and others would prefer purchasing gold instead. Diversify your portfolio by considering each depending on your need.

Topic: Re: Will people come back to gold - page 3. (Read 1658 times)